February 20, 2018 OBAYASHI CORPORATION Notice Regarding Change of Representative and s OBAYASHI CORPORATION (hereinafter referred to as the Corporation ) hereby announces that it has resolved at the meeting of the Board of s held on February 13, 2018 to change the Representative, s, Members, and s, as follows. The assumption of s and Members is scheduled to be officially determined upon approval of the Ordinary General Meeting of Shareholders held at the end of June 2018. 1 Retirement of Representative (on February 28, 2018) Shozo Harada (Currently, Representative, Executive Vice President) * * After becoming a not serving concurrently as an on March 1, 2018, he is scheduled to retire from the position of and assume the position of Advisor of the Corporation at the conclusion of the Ordinary General Meeting of Shareholders held at the end of June 2018. 2 Change of s (1) Newly appointed candidates for s (scheduled at the end of June, 2018) Yasuo Kotera (Currently, Senior ) Toshihiko Murata (Currently, ) Takehito Sato (Currently, ) Toshimi Sato (Currently, ) * Naoki Izumiya (Currently, Chairman and Representative, CEO of Asahi Group Holdings, Ltd.) * Outside as set out in item 15, Article 2 of the Companies Act. (2) Retiring s (scheduled at the end of June, 2018) Advisor Makoto Kishida (Currently,, Senior Executive ) *1 Advisor Akihisa Miwa (Currently,, Senior Executive ) *1 Senior Jiro Otsuka (Currently,, ) - 1 -
*1 After becoming a not serving concurrently as an on March 1, 2018, they are scheduled to retire from the position of and assume the position of Advisor of the Corporation at the conclusion of the Ordinary General Meeting of Shareholders held at the end of June 2018. After becoming a, Senior on March 1, 2018, he will retire from the position of at the conclusion of the Ordinary General Meeting of Shareholders held at the end of June 2018. He is scheduled to continue serving as a Senior. 3 Change of Members (1) Newly appointed candidates for Members (scheduled at the end of June, 2018) Standing Audit & Supervisory Board Member Hikaru Ueno (Currently,. Scheduled to assume the position of an Advisor of the Corporation on March 1, 2018.) Member *1 Tetsuo Nakakita (Currently, President & CEO of West Japan Housing Industry Credit Guarantee Inc.) Member *1 Akihiko Nakamura (Currently, Certified public accountant) (2) Retiring Members (scheduled at the end of June, 2018) Advisor Masaru Mizuno (Currently, Standing Member) Yasutaka Kakiuchi (Currently, Member) *1 Hiroshi Murao (Currently, Member) *1 *1 Outside Member as set out in item 16, Article 2 of the Companies Act. He is scheduled to retire from the position of Member and assume the position of Advisor of the Corporation at the conclusion of the Ordinary General Meeting of Shareholders held at the end of June 2018. - 2 -
4 Change of s (1) Title changes for s (on March 1, 2018) Senior Executive Yoshiharu Nakamura (Currently, ) Senior Executive Chiaki Kobayashi (Currently, ) Senior Executive Toshihiko Murata (Currently, ) Senior Executive Takehito Sato (Currently, ) Senior Executive Jiro Otsuka (Currently, ) Katsuyoshi Okawa (Currently, ) Yoshimi Sekoguchi (Currently, ) Atsushi Sasagawa (Currently, ) Yuichi Yamamoto (Currently, ) Koji Kunieda (Currently, ) Hitoshi Hasegawa (Currently, ) Eisuke Yamamoto (Currently, ) - 3 -
(2) Newly appointed s (on March 1, 2018) Kyoji Ikeda (Currently, Deputy General Manager, Kyusyu Branch) Hiromitsu Kato (Currently, Deputy General Manager-in-Charge, Overseas Business Division) Goichi Kamochi (Currently, Deputy General Manager, Design Division) Kazuyuki Goto (Currently, General Manager, Division Head Office, Building Construction Division) Hiroshi Saito (Currently, Standing Adviser, Civil Engineering Construction Division) Kimihiko Sato (Currently, Deputy General Manager-in-Charge, Building Construction Division, Tokyo Main Office) Isao Sano (Currently, Deputy General Manager-in-Charge, Civil Engineering Construction Division, Tokyo Main Office) Futoshi Takahashi (Currently, Deputy General Manager-in-Charge, Real Estate Development Division) Yutaka Taneda (Currently, Deputy General Manager-in-Charge, Building Construction Division, Osaka Main Office) Kojiro Nitta (Currently, Deputy General Manager-in-Charge, Building Construction Division, Osaka Main Office) Yasuo Morita (Currently, Project Manager, Kanda Nishikicho 2-chome Project, Tokyo Main Office) Motoi Yano (Currently, Deputy General Manager, Sapporo Branch) - 4 -
(3) Retiring s (on February 28, 2018) Shozo Harada (Currently, Representative, Executive Vice President) *1 Makoto Kishida (Currently,, Senior Executive ) *1 Akihisa Miwa (Currently,, Senior Executive ) *1 Advisor Masahito Hayashi (Currently, Senior ) Advisor Takafumi Hanai (Currently, Senior ) Advisor Nobuo Tsuruta (Currently, Senior ) Advisor Shuji Yamane (Currently, Senior ) Advisor Yuichi Kashima (Currently, ) Advisor Hikaru Ueno (Currently, ) *3 Advisor Yukihiro Aizawa (Currently, ) Advisor Mikio Takatsuki (Currently, ) Advisor Kazuo Okayama (Currently, ) Advisor Nobuyuki Asada (Currently, ) *1 After becoming a not serving concurrently as an on March 1, 2018, they are scheduled to retire from the position of and assume the position of Advisor of the Corporation at the conclusion of the Ordinary General Meeting of Shareholders held at the end of June 2018. They are scheduled to assume the position of Advisor of the Corporation on March 1, 2018. *3 After assuming the position of Advisor of the Corporation on March 1, 2018, he is scheduled to assume the position of Member of the Corporation upon approval of the Ordinary General Meeting of Shareholders held at the end of June 2018. - 5 -
[Reference] (The structure of s and s as of March 1, 2018, is as follows) s Position Chairman Representative Representative Representative * Name Takeo Obayashi Kenji Hasuwa Shingo Ura Toru Shiraishi Shozo Harada Makoto Kishida Akihisa Miwa Jiro Otsuka Shinichi Otake * Shinichi Koizumi * Outside as set out in item 15, Article 2 of the Companies Act. s Position Name Areas of responsibility President Executive Vice President Senior Senior Senior Senior Senior Senior Senior Hasuwa Kenji Shingo Ura Yasuo Kotera Isamu Kakeno Overall building construction Overall administration General Manager, Osaka Main Office Yoshiharu Nakamura General Manager, Overseas Business Division Chiaki Kobayashi Toshihiko Murata Takehito Sato Jiro Otsuka Atsuteru Kiriya Mamoru Hikida Makoto Hidetaka Naoki Kajita General Manager, Tokyo Main Office and General Manager, Building Construction Division, Tokyo Main Office General Manager, Building Construction Division Overall civil engineering construction and General Manager, Civil Engineering Construction Division General Manager, Real Estate Development Division Deputy General Manager, Building Construction Division, Tokyo Main Office (in charge of sales) General Manager, Kyusyu Branch General Manager, Hiroshima Branch General Manager, Technical Division and General Manager, Nuclear Facilities Division, Information System - 6 -
Position Name Areas of responsibility Sompong Chintawongvanich Koji Murakami Hirokazu Onozaki Shuji Kurokawa Shin Matsumoto Katsuyoshi Okawa Yoshimi Sekoguchi Atsushi Sasagawa Yuichi Yamamoto Koji Kunieda Hitoshi Hasegawa Eisuke Yamamoto Representative, President, Thai Obayashi Corporation Limited General Manager, Nagoya Branch General Manager, North American Regional Headquarters, Overseas Business Division General Manager, Civil Engineering Construction Division, Tokyo Main Office General Manager, Civil Engineering Technology Division Senior Project Manager, Marunouchi 1-3 JV Project, Tokyo Main Office Deputy General Manager, Building Construction Division, Tokyo Main Office (in charge of sales) General Manager, Building Construction Division, Osaka Main Office General Manager, Technology Business Development Division Deputy General Manager, Building Construction Division, Tokyo Main Office (in charge of mechanical & electrical, renovation) Deputy General Manager, Building Construction Division, Tokyo Main Office (in charge of sales) Deputy General Manager, Overseas Business Division (in charge of civil engineering construction) Masatsugu Higashitani General Manager, Kyoto Branch Moriyuki Hanawa Senior Project Manager, Shinagawa Civil Engineering Construction Regional Office, Tokyo Main Office Takashi Takeuchi General Manager, Shikoku Branch Hitoshi Tomoto General Manager, Kobe Branch Mitsuru Kawasaki Deputy General Manager, Overseas Business Division (in charge of planning and general administration) Nozomu Taoda General Manager, Hokuriku Branch Susumu Kawaguchi Toshiro Kiyomi Masahiro Saito Akinobu Nohira Kazunari Nomura Division, Osaka Main Office (in charge of building construction design) and Deputy General Manager, Design Division Deputy General Manager, Nagoya Branch (in charge of building construction) Representative, President, Obayashi- Shinseiwa Real Estate Corporation Deputy General Manager, Nagoya Branch (in charge of civil engineering construction) Deputy General Manager, Civil Engineering Construction Division Nobuyuki Wakuni General Manager, Tohoku Branch Hideo Katsumata General Manager, Technical Research Institute and Deputy General Manager, Technical Division - 7 -
Position Name Areas of responsibility Hironobu Kawakami Yoshihito Sasaki Toshimi Sato Seiji Nagai Akihiro Higashide Kyoji Ikeda Hiromitsu Kato Division, Osaka Main Office (in charge of construction project) General Manager, Civil Engineering Construction Division, Osaka Main Office Corporate Management Planning, Group Business, Personnel, Finance, Accounting, and Deputy General Manager-in-Charge, Tokyo Main Office (in charge of project administration) Division, Osaka Main Office (in charge of sales) Deputy General Manager-in-Charge, Civil Engineering Construction Division, Tokyo Main Office Deputy General Manager, Civil Engineering Construction Division (in charge of sales) Deputy General Manager, Overseas Business Division (in charge of building construction) Goichi Kamochi General Manager, Design Division Kazuyuki Goto Hiroshi Saito Deputy General Manager, Building Construction Division (in charge of mechanical & electrical, renovation) and Deputy General Manager, Technical Division Deputy General Manager, Civil Engineering Construction Division (in charge of sales) Kimihiko Sato General Manager, Yokohama Branch Isao Sano Futoshi Takahashi Yutaka Taneda Kojiro Nitta Yasuo Morita Deputy General Manager-in-Charge, Civil Engineering Construction Division, Tokyo Main Office Deputy General Manager, Real Estate Development Division Division, Osaka Main Office (in charge of mechanical & electrical, renovation) Division, Osaka Main Office (in charge of sales) Project Manager, Kanda Nishikicho 2-chome Project, Tokyo Main Office Motoi Yano General Manager, Sapporo Branch - 8 -
(The s and Members scheduled to be in office after the conclusion of the Ordinary General Meeting of Shareholders held at the end of June 2018, are as follows) Position Chairman Representative Representative Representative *1 *1 Name Takeo Obayashi Kenji Hasuwa Shingo Ura Yasuo Kotera Toshihiko Murata Takehito Sato Toshimi Sato Shinichi Otake Shinichi Koizumi *1 Naoki Izumiya Standing Audit & Supervisory Board Member Hikaru Ueno Standing Audit & Supervisory Board Member Tadashi Utashiro Member Hiroshi Yokokawa Member Tetsuo Nakakita Member Akihiko Nakamura *1 Outside as set out in item 15, Article 2 of the Companies Act. Outside Member as set out in item 16, Article 2 of the Companies Act. Disclaimer This document announced in the Japanese language at the Tokyo Stock Exchange on February 13, 2018 was translated into English and presented solely for the convenience of non-japanese speaking users. If there is any discrepancy between the Japanese announcement and this English translation, the former will prevail. If you have any questions, please contact Obayashi investor relations at irk@ml.obayashi.co.jp. - 9 -